Grameen Foundation : Where we work : Middle East / North Africa : Yemen
Yemen
The Need in Yemen
- Unemployment rate is 35%
- 45.2% of the population live below poverty line
Yemen is one of the poorest countries in the Arab world. Its population has reportedly averaged 3.5% annual growth between 2000 and 2006. Yemen is struggling to control excessive spending and rampant corruption and is dependent on foreign aid to finance its budget deficits and development projects. Unemployment is 35%, and 45% of the population lives below the poverty line.
Most of Yemen’s rural populace – about 70% of its total population - relies on subsistence agriculture in a harsh desert climate. Access to credit through MFIs is one among several key elements that will promote increases in the incomes of poor rural households.
Our partner microfinance institutions in Yemen: Hodeidah and Abyan
Grameen Foundation : Where we work : Middle East / North Africa : Yemen
Grameen Foundation uses microfinance and innovative technology to fight global poverty and
bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start
businesses and escape poverty. Our global network of 52 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 31 million people in 23 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 27.
+1-202-628-3560 www.grameenfoundation.org
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